PWO Supervisory Board meeting to approve financial statements
|
EQS-News: PWO AG
/ Key word(s): Annual Results/Forecast
PWO Supervisory Board meeting to approve financial statements Carlo Lazzarini (CEO): “The landscape is changing, but the success factors remain the same. Time and again we have proven ourselves highly adaptable in recent years. We will continue, resolutely, to steer a course through this increasingly complex environment.”
Oberkirch, March 21, 2025 – The Supervisory Board of PWO AG reviewed, discussed and approved the annual financial statements and consolidated financial statements for fiscal 2024 at its meeting yesterday. As such, the annual financial statements of PWO AG have been adopted. The provisional figures for fiscal 2024 reported on February 20, 2025 are confirmed. The PWO Group’s key performance indicators evolved as follows in fiscal 2024:
PWO performed well in fiscal 2024. At the same time, geopolitical and economic uncertainties for the automotive industry and the global economy increased significantly after Donald Trump took office in the U.S. The Executive Board and the Supervisory Board will therefore propose to the Annual General Meeting in 2025 not to increase the dividend and to pay an unchanged dividend of EUR 1.75 per share. In addition, we are publishing the following guidance for fiscal 2025, which reflects our assessment before the new U.S. administration took office. It will be updated as soon as we can make a reliable assessment of the Group’s foreseeable business performance.
PWO is well-positioned worldwide, with 10 sites across 6 countries. The high level of new business we have acquired in recent years, the efficiency of our sites, our solid financial resources and our continuously refined control mechanisms speak for themselves. We therefore plan to continue expanding our market position despite a weakening market environment. Our business model, which is entirely independent of internal combustion engines, and the rigorous implementation of our decarbonization strategy will play a key role in this. Specific measures are planned as part of this strategy but have yet to be implemented. We therefore expect greenhouse gas emissions to remain stable or even increase temporarily in fiscal 2025. However, the global economic upheavals prompted by U.S. policy and other countries’ responses to it will be pivotal to developments in fiscal 2025. We are fully focused on adapting to the changing situation promptly and systematically. PWO AG The Executive Board Contact: Corporate Communications & Investor Relations PWO AG
PWO Group: Pushing boundaries in lightweight metal solutions 2,000 product solutions | 3,500 employees | 10 locations | Over 100 years of experience We are a global company in the mobility industry helping to shape the environmentally friendly mobility of the future through innovation and positioned to be entirely independent of combustion engines. As a value-oriented employer with family-like structures at a global level, we offer our employees a rewarding environment in which to realize their personal potential. Transparent and responsible corporate governance is an essential part of who we are. Our corporate strategy is summarized in the motto PEOPLE. PLANET. PROGRESS.
21.03.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
| Language: | English |
| Company: | PWO AG |
| Industriestraße 8 | |
| 77704 Oberkirch | |
| Germany | |
| Phone: | +49 (0)7802 84-844 |
| Fax: | +49 (0)7802 84-789 |
| E-mail: | ir@pwo-group.com |
| Internet: | www.pwo-group.com |
| ISIN: | DE0006968001 |
| WKN: | 696800 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
| EQS News ID: | 2104166 |
| End of News | EQS News Service |
|
|
2104166 21.03.2025 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.